Tony English | HQ Homes

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail	Assumable Loan Assumable · FHA	Assumable Loan + Second Assumable · FHA	Current Market Conventional New · Conventional
Loan amount	$540,768	$540,768	$607,499
Remaining term (yrs)	27.7	27.7	30.0
Secondary amount	$0	$66,731	$0
Funding fee	$0	$0	$0
Note rate	6.87%	6.87%	7.24%
Blended rate	7.42%	7.594%	7.48%
1st payment	$3,636.12	$3,636.12	$4,140.10
2nd payment	$0.00	$500.48	$0.00
Taxes / mo	$265.75	$265.75	$265.75
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$253.82	$253.82	$121.50
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$4,322.35	$4,822.83	$4,694.01
Cash to close	$134,231	$67,500	$67,500